Fig. 4: Differences in country rankings according to CES function with high and low substitution by HDI ranking.
From: Experimenting with a strong dual necessity approach to social progress
The quartile average differences between high and low substitution rankings (in absolute terms) are respectively: 1st 2.34; 2nd 3.97; 3rd 5.91; 4th 5.17. Quartiles based on HDI rank.
